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The differences between senior relationship managers and senior manageds can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a senior relationship manager and a senior managed. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $107,923 average annual salary of a senior managed.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a senior managed are project management, portfolio, and emerging technologies.
| Senior Relationship Manager | Senior Managed | |
| Yearly salary | $112,626 | $107,923 |
| Hourly rate | $54.15 | $51.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 49,112 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior relationship manager is responsible for handling clients and customer relationships, ensuring that the team provides the highest quality service for the customers to maintain the company's excellent reputation and operational efficiency. Senior relationship managers analyze current market trends to identify business opportunities that meet the clients' demands and public interests, generating resources for revenues, and increasing the company's profitability. They also assist the marketing and sales team in developing promotional strategies for brand awareness to attract potential clients and create business partnerships.
Senior managers are responsible for organizing and managing the performance of a group of individuals. They observe their work and rectify actions when necessary. These managers usually direct the most important group in the company and may supervise the workers directly or guide their supervisors that in turn, managed them. Their duties include controlling the overall financial budgeting. Also, they approve hiring and firing requests within the company and guide the distinguishing of talents as well as the growth processes for the function. Additionally, they work with senior management and other peers for the establishment of strategies and implementation planning.
Senior relationship managers and senior manageds have different pay scales, as shown below.
| Senior Relationship Manager | Senior Managed | |
| Average salary | $112,626 | $107,923 |
| Salary range | Between $78,000 And $161,000 | Between $71,000 And $162,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | New York | Washington |
| Best paying company | Bloomberg | Walmart |
| Best paying industry | Finance | Technology |
There are a few differences between a senior relationship manager and a senior managed in terms of educational background:
| Senior Relationship Manager | Senior Managed | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior relationship managers' and senior manageds' demographics:
| Senior Relationship Manager | Senior Managed | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 61.6% Female, 38.4% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |